By PowerBuy // 14 November 2014 // Related Categories: Tips
Mobile payment systems have been around for years without gaining much traction, but this is changing with the release of the iPhone 6’s Apple Pay.
Apple’s latest iPhone and Watch both use Near Field Communication (NFC), a well-establishe
NFC technology has the potential to do away with credi
Is NFC safe?
Many of us are understandably concerned that using NFC-enabled devices to make mobile payments will open them up to fraud. The good news is that NFC is a proven and tested technology.
As a starting point, NFC mobile payments use similar security features as the existing contact-less payment cards like PayPa
If you lose your phone then these days you can remotely lock it or call your Telco to bar your account and SIM. Much the same blocking process as when you lose your credit card.
No digital system is 100% safe against hackers but with these additional security features NFC payments are as safe as current credit card and PayPass arrangements.
How new is NFC?
NFC has been around for a while however not enough people have been using NFC so the retailers have not bothered to invest in the equipment. That is changing as retail chains start to deploy point-of-sale NFC readers.
Across the globe Apple currently has around 800 million re
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